$NIO TOP 20
Added 2024-01-16 13:00:37 +0000 UTC$7 is getting tested in the PM and I suspect there will be a flush at the opening and I would find it extraordinary if $NIO was able to hold $7 level today, with the weakness shown in the US and China market to start this week.....coupled with Elon's comment last night that he wanted 25% ownership of $TSLA, this will likely hurt $TSLA in the short term and the sector too.
$XPEV, $LI, $RIVN are all suffering in the PM too.
If $NIO loses $7 then it is at risk of moving down to below $6, there is a descending wedge here, highlighted in green and this is the drift down range $NIO can move within over the next 2 months.
Many people will consider selling if $7 is lost, many members will be upset, many will give up....Everyone has their reasons.
I am not selling.
The fundamentals have not changed for me over the last few months and I believe things have been improving for $NIO over the last couple of months too, certainly since its last earnings report, so why would I sell now?
$NIO is less than 20% of my portfolio and it is by far my riskiest holding with this allocation, its high risk but potentially high reward, 20% max of my portfolio can be high risk, I am comfortable with that.
Comments
At this point why wouldn’t a couple of rich Saudi’s just buy up all the cheap oversold shares causing a massive short squeeze and double their money in like 2 days?
ES B
2024-01-16 19:39:16 +0000 UTCAgree, holding my position. They want the least amount of people in when they decide to move it up.
Halcyon
2024-01-16 16:22:22 +0000 UTCSad
kf86
2024-01-16 14:50:55 +0000 UTCI opened badly at 6.86$
makis
2024-01-16 14:32:30 +0000 UTCYou had 5% fisker, that is higher risk.
Rene
2024-01-16 14:01:14 +0000 UTCIf this count is in fact invalid, is there a reason to ever chart it again assuming it just doesn't follow elliot wave charts? BTC seems to follow perfectly while NIO doesn't follow one bit
ES B
2024-01-16 13:50:00 +0000 UTC$FSR accounts for less than 3% of my allocation....this is not a lot. $NIO is a high risk position due to 20% allocated here.
Gareth Neary
2024-01-16 13:27:13 +0000 UTCI agree with Kyle that with bitcoin halving in 3 months and ETF inflows that it could be a good risk - reward .
Steven
2024-01-16 13:25:44 +0000 UTCDon't you consider your $FSR holding a higher risk?
Thomas
2024-01-16 13:24:35 +0000 UTCThe way the narrative is going, I can see an argument that the leading cryptos are lower risk than “high risk” stocks like Nio… and similar or higher potential reward. Curious to hear your take.
Kyle
2024-01-16 13:12:14 +0000 UTC
